I like this even more, it means revenues should be up shortly, IMO
Tuesday November 16, 11:11 pm Eastern Time
Company Press Release
Silicon Valley Research Partners with The Shearwater Group, Inc. for Worldwide Distribution of its Software
SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 16, 1999--Silicon Valley Research, Inc. (OTC BB: SVRI - news) announced today a strategic partnership with IC products distributor, The Shearwater Group, Inc. Shearwater will provide exclusive worldwide distribution and technical support of SVR's advanced software applications for deep submicron design.
``The Shearwater Group's highly respected worldwide distribution and support network has a global reputation for turning top of class products into industry standards,' stated James Benouis, President and CEO of SVR. ``We are excited and very optimistic about our future with the forming of this key strategic relationship.'
``SVR's industry proven APR products are a key piece to a complete front to back product offering from The Shearwater Group,' stated David Knight, Chairman, President and CEO of Shearwater.
Founded in 1992, Shearwater provides worldwide distribution services to the electronic design automation industry. Shearwater has offices across the U.S. and international offices serving the British Isles, Europe, Japan, Korea, Singapore, Southeast Asia, Taiwan, and Mainland China. Shearwater distributes products and provides services for Hewlett-Packard, K2 Technologies, Micro Magic, Inc., Pinebush Technologies, Inc., and Silicon Valley Research. The Shearwater Group is headquartered at 3233 SW Avalon Way, Suite 101, Seattle, Washington 98126, USA. For more information, call 206-932-9551, visit www.shearwater.com or email Amy@shearwater.com.
Founded in 1979, Silicon Valley Research, Inc. develops, markets and supports innovative IC physical design software for floorplanning, placement, routing, custom layout and parasitic extraction of deep submicron Integrated Circuits (ICs). SVR also provides design consulting services and support to its customers. The advanced technology in SVR's production-proven tools results in dense, high yielding, high performance chips. Headquartered in San Jose, California, SVR has sales offices in the United States and Asia. Information on potential factors which may affect the Company's financial results are included in the Company's Quarterly Reports on Form 10-Q and the Company's Annual Report on Form 10-K.
The preceding paragraphs include forward-looking statements. Such forward-looking statements involve risks and uncertainty, and actual results of the Company could vary materially from the forward-looking statements as a result of factors including, without limitation, liquidity and capital resources, new products and rapid technological change, dependence on certain customers and potential fluctuations in quarterly operating results and lengthy sales cycles. Further information on potential factors which may affect the Company's financial results are included in the Company's Quarterly Reports on Form 10-Q and the Company's Annual Report on Form 10-K.
(For additional information, visit SVR's Web site, svri.com)
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Contact:
Silicon Valley Research, Inc.
James O. Benouis, 408/361-0333
benouis@svri.com
or
The Shearwater Group, Inc.
David Knight, 206/932-9551
david@shearwater.com |
